Transferring an already registered domain entails switching the domain name registrar that provides the domain registration service, so after the transfer, you will have to manage things like renewal fees or DNS entry modifications through the new registrar company. The transfer procedure itself is standard with most generic and country-code TLD extensions. Some country-code extensions are more specific and entail different steps, but in the general case transferring a domain involves a few basic steps and one of them is unlocking the domain name. The domain lock is a security feature, which is being embraced by more and more domain registry organizations. It’s a default feature supported by all generic TLDs. If a domain name is locked, it will be impossible to start a transfer process, so no one can even attempt to steal your domain name. The lock can be annulled only through the account where the domain name is registered in the first place and all new domains that support this feature are locked by default when they are registered.